Re: [CANSLIM] "M"

From: Ian <ianstm@shaw.ca>
Subject: Re: [CANSLIM] "M"
Date: Mon, 25 Mar 2002 09:10:52 -0800

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Top of Thread: [CANSLIM] "M" "Tom Worley"
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Tom:

My Marketocracy fund is hitting new highs almost daily. Lots of strong
microcaps out there. But I admit that I'm feeling lucky I loaded up on the
QGLY breakout on the 11'th at $4. It was a classic technical breakout,
following a decent quarter. Annoyingly, in a brain-dead moment - I failed to
actually buy any real shares for myself.

Anyone have an opinion on whether or not todays QGLY spike is just a
daytraders plaything, or will it catch strong institutional support?


Ian


- ----- Original Message -----
From: Tom Worley <stkguru@bellsouth.net>
To: <canslim@lists.xmission.com>
Sent: Monday, March 25, 2002 4:54 AM
Subject: [CANSLIM] "M"


> Haven't had much talk on "M" lately, aside from the one post on VIX (which
I
> agree with, by the way, it's staying too low for comfort).
>
> Took a fast look around this morning, and noticed the severe overbought
> conditions on both NYSE and NASDAQ have corrected to neutral. And 10 day
> moving average of up/down volume is now slightly negative on NYSE and
> substantially more on Naz.
>
> 10 day moving average of new highs remains moderately positive on both of
> these exchanges.
>
> The S&P500 chart looks surprisingly healthy (at least to me). And the
> Russell 2000 has done better than I perceived from my portfolios. The rest
> looked decent if they can hold in this area, or better still start
trending
> up.
>
> Tom Worley
> stkguru@bellsouth.net
> AIM: TexWorley
>
>
>
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